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US farmers opt for soy to limit losses as all crop prices slump
Illinois farmers like Mark Tuttle are planting more soybeans and less corn this year in a desperate attempt to!-->…
Flour Mills revenue hits N2.3tn
Flour Mills of Nigeria (FMN), a leading food and agro-allied company in Nigeria, announced impressive financial!-->…
Tax reforms committee proposes daily sharing of FAAC funds
The federal government has approved a new policy exempting small businesses from withholding tax. This means!-->…
Shutting Down Of National Grid Is Treasonable Felony – Group
The Centre for Social and Economic Rights (CSER), a Nigerian civil society organization, has strongly condemned!-->…
CBN Lifts Ban on New Customer Signups for OPay, Kuda and Others
In a move welcomed by Nigerian fintech users, the Central Bank of Nigeria (CBN) has lifted its ban on onboarding!-->…
FMBN Inaugurates Task Force To Recover Delinquent Loans
In a move to improve its financial health, the Federal Mortgage Bank of Nigeria (FMBN) has launched a major loan!-->…
Heritage Bank Loses License, Depositors to be Paid by Insurance Corporation
The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank due to ongoing financial!-->…
Tax Reform Committee Proposes Lower Fees for Tax Collectors, Daily Revenue Sharing…
Nigeria's Presidential Fiscal Policy and Tax Reforms Committee is proposing significant changes to tax collection.!-->…
Trading continues on NGX amid strike, investors lose N103bn
The Nigerian Stock Exchange (NGX) opened the week on a down note, with investors losing N103 billion. Sell-offs in!-->…
Strike: FG offers ‘above’ N60,000 minimum wage as NLC/TUC revert to organs
Nigerian labor unions have called off their nationwide strike after a productive meeting with the federal!-->…
Stock investors gain N619bn in May despite rates hike
The Nigerian equities market showed resilience in May, posting a marginal gain of N619 billion despite the Central!-->…
Apprehension as FG borrows N20.1trn under Tinubu
In the first year of President Bola Tinubu’s administration, the Federal Government of Nigeria borrowed N20.1!-->…
CBN Predicts Growth in Shariah-Compliant Banks
The Central Bank of Nigeria (CBN) announced that more shariah-compliant banks are expected to emerge due to the!-->…
Cryptocurrency Suffers $42.6 Million Loss to Hacks in May
In May, the cryptocurrency industry faced significant losses totaling $42.6 million due to various hacking!-->…
Nigeria to monitor mining sites via satellite, curb illegal activities
Dr. Dele Alake, Minister of Solid Minerals Development, announced that the Nigerian government will implement!-->…
FG eyes $7bn FDI from oil sector – Wale Edun
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced the securing of $7!-->…
Aviation Workers’ Strike Causes Flight Delays and Cancellations
On Monday, flights from Lagos airport terminals and other airports nationwide experienced significant delays and!-->…
CBN Revokes Licence Of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect, citing a!-->…
Nigeria eyes fresh 480,000bpd as NNPC, ExxonMobil sign new deal
Good news for Nigeria's oil production! The Nigerian National Petroleum Company (NNPCL) and ExxonMobil have!-->…
UPDC Declares 177% Income Growth
UPDC, a leading Nigerian real estate company owned by UAC, is experiencing a major turnaround. The company!-->…
Stakeholders Applaud Smooth Start Of Hajj Flights
This year's airlift of Nigerian pilgrims to Saudi Arabia for Hajj is off to a great start! Pilgrims and!-->…
Lagos Innovation Bill Proposes Tax Holiday, Waiver For Start-Ups
Lagos is set to become a hub for innovation, according to a new policy proposal. The Lagos Innovation Bill aims to!-->…
Presidential tax committee recommends N800/$ Customs duty rate
Nigerian businesses are likely to welcome a new proposal that could make planning and budgeting easier. The!-->…
FG secures World Bank’s $500 million loan for electricity sector
Nigeria's power sector is set for a shot in the arm with a $500 million loan from the World Bank. This funding!-->…
Credit to government rises 2% to N19.98trn
Nigeria's government borrowing increased slightly in April, to N19.98 trillion, despite analysts' predictions of a!-->…
Naira falls further as dollar sales drop by 30.05%
The Nigerian Naira continued its decline against the US Dollar on Thursday, losing over 10% of its value at the!-->…
Nigerian drugmakers see 58% revenue rise as prices soar
Nigerian pharmaceutical companies are experiencing a surge in revenue, with a combined increase of 58% in the!-->…
Shell, others pay NDDC $142m in one year
Shell Petroleum Development of Nigeria (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCo)!-->…
Airspace management agency seeks reversal of 50% revenue deduction
The Nigerian Airspace Management Agency (NAMA) is facing financial difficulties due to a 50% reduction in their!-->…
Dash for debt sees 64% surge in naira loan apps
The number of digital lenders in Nigeria has skyrocketed by 64% in the past year. This surge reflects Nigerians'!-->…